Exemption - Form & Contents of Accounts

In certain situations, a company can seek exemption from the requirements of Sec. 211 of the Companies Act, 1956 relating to the Form Content of Balance Sheet and Profit Loss Account.Application to Central Government -Sec. 211(4) provides that,"The Central Government may, on the application, or with the consent of the Board of directors of the company, by order, modify in relation to that company any of the requirements of this Act as to the matters to be stated in the company's balance

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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